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Full article on Financial Times
India’s top refiner Reliance says it will ‘recalibrate’ Russian oil purchases
Market Intelligence Analysis
AI-Powered
Why This Matters
Reliance, India's top refiner, plans to 'recalibrate' its Russian oil purchases amidst pressure from Washington to stop importing crude from Moscow.
Market Impact
Moderate to High: This decision may lead to a decrease in global oil prices, benefiting consumers and potentially impacting oil-producing countries. However, it may also increase Reliance's costs and potentially impact its profit margins.
Sentiment
Neutral
AI Confidence
60%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Washington has been putting pressure on New Delhi to stop importing crude from Moscow
Original article published by
Financial Times
on October 23, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.